Insperity, Inc. (NYSE:NSP) Short Interest Update

Insperity, Inc. (NYSE:NSP) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 2,300,000 shares, an increase of 21.7% from the January 31st total of 1,890,000 shares. Approximately 6.5% of the company’s stock are sold short. Based on an average daily volume of 426,000 shares, the short-interest ratio is presently 5.4 days.

Insperity Stock Up 0.4 %

Shares of NYSE:NSP opened at $86.10 on Thursday. The business’s 50 day moving average is $80.16 and its 200 day moving average is $82.72. Insperity has a 12-month low of $68.79 and a 12-month high of $110.72. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 35.72 and a beta of 1.13. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.80.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a $0.60 dividend. The ex-dividend date is Thursday, March 13th. This represents a $2.40 annualized dividend and a dividend yield of 2.79%. Insperity’s payout ratio is 99.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Insperity from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Insperity currently has an average rating of “Hold” and an average target price of $95.67.

Insider Buying and Selling at Insperity

In related news, CEO Paul J. Sarvadi sold 25,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total value of $2,108,000.00. Following the completion of the sale, the chief executive officer now directly owns 436,584 shares of the company’s stock, valued at $36,812,762.88. The trade was a 5.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Arthur A. Arizpe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the completion of the transaction, the chief operating officer now owns 72,551 shares in the company, valued at approximately $6,143,618.68. The trade was a 7.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in shares of Insperity by 493.2% in the 4th quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider’s stock worth $27,000 after buying an additional 291 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Insperity during the third quarter worth $32,000. Millburn Ridgefield Corp bought a new stake in Insperity during the third quarter worth $53,000. UMB Bank n.a. increased its position in shares of Insperity by 45.9% during the 4th quarter. UMB Bank n.a. now owns 849 shares of the business services provider’s stock valued at $66,000 after purchasing an additional 267 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Insperity during the 4th quarter worth $87,000. 93.44% of the stock is owned by institutional investors.

Insperity Company Profile

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.